Energy Crisis and Its Impact on Global Business

In the wake of the unprecedented challenges posed by the coronavirus, the world grapples with a health crisis and economic, environmental, and energy challenges. This pandemics disastrous impact on these areas is often a matter of justice. Beyond the immediate human toll, the economic ramifications have sent shockwaves through business organizations, disrupting the foundations of leading economies. This period, marked by the COVID-19 pandemic, serves as a litmus test for leadership, demanding strategic acumen from the energy industry and all facets of global business. Energy Crisis and Its Impact on Global Business explores the multifaceted challenges business organizations face after the COVID-19 energy crises. The book delves into the imperative of restructuring for sustainable growth and stability, guiding organizations to navigate the complex management of people, energy, and supply chains. This book spans the challenges arising from post-COVID energy crises. From the foundational problem of access to basic health facilities due to energy shortages to the intricacies of maintaining smooth supply chains, motivating a workforce grappling with unpredictable management decisions, and addressing leadership challenges, the book offers a comprehensive understanding of contemporary business. A broad spectrum of individuals will find this book to be pivotal, with the audience encompassing students, graduates, research scholars, practitioners, employees, consultants, corporate bodies, and technocrats involved in or affected by the dynamic shifts in the global business paradigm. Additionally, government agencies and international financial institutions constitute the secondary audience, recognizing the widespread implications of energy crises on a global scale. Key areas of focus include understanding the intricacies of post-COVID energy crises, analyzing the causes and effects of these crises, evaluating the impact on individuals, employers, and organizations, and exploring strategies for overcoming these challenges. The book also examines the financial problems precipitated by energy shortages and the influence on food security in developing nations. It offers a comparative view of the impact on developed and developing countries. Furthermore, it provides insights into the shrinkage of energy markets and its repercussions on developing economies, strategies for crisis management, sustainable green workplace initiatives, coping strategies against high energy prices, and the far-reaching effects on sales, marketing, tourism, and information technology sectors.